Market sentiment in the US remains fragile ahead of today’s CPI data for February, which is expected to be a major market-moving event. The challenge, however, lies in interpreting the impact of inflation data given the complex interplay between inflation trends, economic conditions, and Fed expectations. More importantly, the interaction is further complicated by the […]
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USDJPY aims for a rebound after hitting five-month low. Recovery could be short-lived within the bearish channel. US CPI inflation data due at 12:30 GMT. USDJPY kicked off Wednesday’s session on a strong positive note Read more…
Gold price is held in a narrow range on Wednesday morning and pressuring near-term congestion ceiling ($2930). Near term bias is expected to remain with bulls while the action stays above psychological $2900 level, although Read more…
The Canadian dollar posted gains earlier but couldn’t consolidate. In the European session, USD/CAD is trading at 1.4439, up 0.03% on the day. Bank of Canada likely to cut by 25 bps It’s decision day Read more…